Trump Picked Warsh for Rate Cuts, US Markets Got the Opposite
Kevin Warsh wrapped up his first Federal Reserve press convention on June 17 and made one factor unmistakably clear: worth stability comes first. The S&P 500 fell 1.2% on the day, the worst “Fed day” efficiency for any new chair since 1994. President Donald Trump nominated Warsh after months of publicly demanding fee cuts from…
